Am i against it! Yes! Why, because it's a huge burden to employers and there's no income limit! Perhaps, this 20% EPF contribution should only apply to hose earning 2k and below! For those above 2k, then max should be around 14%! And those above 5k, then employers should follow standard contribution!
What PM Anwar should pursue is certification of skills workers like mechanics, aircond installers and so forth! With proper certification of mechanics, workshop can then justify minimum salary of 2k for them! Or certified aircond installers will be at ease to do their job! Certification is the way forward to higher salary! Imposing 20% employers EPF contribution without certification of workers is bad decision on PM Anwar part!
You have proper certification for accountants, doctors, lawyers adn so forth! Why until today there's no proper certification for skilled workers which help impose higher salary!
Anwar did not say 20% employer contribution. You must read carefully. PM only will discuss in cabinet. Two different things my friend. Read and understand.
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Posted by FortuneBull777 > 2023-05-07 00:14 | Report Abuse
Politics!